Can You Buy Life Insurance at Age 83? Yes — Here’s Exactly What You Can Get (2025 Guide)

Last Updated: December 9, 2025 | Written by President of Term Life Online – AU, AAI, ARM

Mutual of Omaha Guaranteed Acceptance Life Insurance (Ages 45–85)

One of the most popular carriers offering coverage to age 83 is Mutual of Omaha, known for simple approvals and excellent customer service.

Key Features:

• Eligibility: Ages 45–85 (45-75 in NY)
• Available Coverage: $2,000–$25,000
• Guaranteed approval — you cannot be denied
• No medical exams or health questions
• Lifetime coverage (whole life)
• Fixed premiums that never increase
• Start Your FREE Quote

For seniors concerned about burial costs, final expenses, medical bills, or leaving a small legacy to family, this is one of the most widely trusted products available.

Why Guaranteed Acceptance Is the Only Option at Age 83

Traditional life insurance requires underwriting.

By age 83:

• Risk is too high
• Health issues are more common
• Full medical underwriting becomes impractical
• Large term or universal policies are no longer offered

Guaranteed acceptance insurance works because:

• Coverage amounts are modest
• Everyone is accepted
• Policies include a mandatory 2-year graded death benefit

This makes offering coverage at advanced ages financially sustainable for the insurer.

How Guaranteed Acceptance Life Insurance Works at Age 83

1. Lifetime, Permanent Protection

You will never outlive the policy, and it never expires at age 90, 95, or 100.

2. Fixed Premiums Forever

Once issued, your monthly premium never increases.

3. No Health Requirements

Your:

• Age
• Tobacco use
• Health conditions
• Medications

…do not affect approval.

4. 2-Year Graded Death Benefit

For natural causes, the full benefit begins after 24 months.

If death occurs during the first 2 years, your beneficiary receives:

• 100% of premiums paid
• Plus interest (usually 10%)

Accidental death is covered immediately.

How Much Life Insurance Can an 83-Year-Old Get?

Most carriers offer:

• Minimum: $2,000
• Maximum: $25,000

Mutual of Omaha’s guaranteed acceptance maxes out at $25,000, which is one of the highest limits available nationwide for this age bracket.

What Life Insurance Costs at Age 83 (Estimated Rates)

Premiums vary by gender and tobacco use.

Here are typical estimated monthly ranges:

For an 83-Year-Old Female

• $5,000 → $65–$75/mo    
• $10,000 → $120–$150/mo  
• $15,000 → $175–$225/mo 
• $20,000 → $230–$300/mo 
• $25,000 → $285–$375/mo 

For an 83-Year-Old Male

• $5,000 → $75–$95/mo
• $10,000 → $140–$185/mo 
• $15,000 → $205–$275/mo 
• $20,000 → $280–$370/mo 
• $25,000 → $350–$460/mo

These are representative industry ranges for guaranteed acceptance policies for seniors age 83.

Who Should Consider Life Insurance at Age 83?

You may want coverage if you want to:

✔ Cover funeral and burial costs

Funeral expenses now average $8,000–$15,000.

✔ Prevent your family from paying final bills

Medical bills and end-of-life costs can be significant.

✔ Leave a small inheritance

Children, grandchildren, or a charity can receive a tax-free benefit.

✔ Lock in permanent insurance quickly

Guaranteed acceptance policies issue fast — often on the same day.

Who Should Not Buy Life Insurance at 83?

A policy may not be ideal if:

• You can’t comfortably afford the premium
• You already have active permanent insurance
• You need full benefits immediately (graded period applies)
• You want more than $25,000 of coverage

In some cases, prepaid funeral plans or dedicated savings accounts may offer better value.

How to Buy Life Insurance at Age 83 (Simple 5-Step Process)

Step 1: Determine Your Purpose

Most 83-year-olds purchase coverage for:

• Burial expenses
• Cremation costs
• Leaving a small gift

Step 2: Choose Your Coverage Amount

Common choices:

• $8,000–$15,000 for burial
• $2,000–$5,000 for cremation
• $20,000–$25,000 for legacy planning

Step 3: Select a Guaranteed Acceptance Carrier

Look for:

• High financial strength ratings for the insurer
• Fixed premiums
• Strong customer service
• Coverage available up to age 85
• Up to $25,000 available (Mutual of Omaha qualifies)

Step 4: Complete the Application

• Takes 10–15 minutes.
• No exams, no questions.

Step 5: Pay the First Premium

Once the first payment is processed, the policy becomes active.

Common Mistakes Seniors Make at Age 83

❌ Applying for policies you cannot qualify for

Nothing but guaranteed acceptance is available.

❌ Overinsuring

Premiums rise quickly at this age.

❌ Waiting too long

At age 85, all life insurance options disappear.

❌ Naming a minor beneficiary

Children under 18 cannot legally receive life insurance proceeds.

Frequently Asked Questions

1. Can you buy term life insurance at age 83?

No. Term life is unavailable after age 80 with most carriers.

2. Is Mutual of Omaha available at age 83?

Yes — their Guaranteed Acceptance Whole Life accepts applicants ages 45–85 (45-75 in NY) with coverage up to $25,000. 

 

3. Is there a medical exam?

No. Guaranteed acceptance requires zero health qualifications.

4. Is the coverage immediate?

• Accidental death — yes.
• Natural death — full benefits after 2 years.

5. Can children buy a policy for an 83-year-old parent?

Yes, as long as the parent consents.

Final Thoughts: Yes, You Can Get Life Insurance at Age 83 — But You Must Act Quickly

Age 83 still falls within the approval window, but you are very close to the cutoff age for life insurance (85).

Buying now guarantees:

• Protection for your family
• Permanent coverage that never expires
• Fixed premiums
• Peace of mind

With companies like Mutual of Omaha offering guaranteed acceptance up to age 85, seniors age 83 still have a clear path to affordable final-expense protection.

Guaranteed Issue Life Insurance Quotes

Top Pick – United of Omaha

United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. Start Here to get a FREE Quote.

Resources:

• Guide to Guaranteed Acceptance Life Insurance
• Tips for Buying Guaranteed Issue Life Insurance
• Guaranteed Issue Life Insurance FAQs
• Pros and Cons of Guaranteed Issue Life Insurance
• A.M. Best Company: Compare financial strength ratings of life insurance companies
• Life Happens.org: Learn about life insurance and review facts.

About Our Methodology

Reviewed By: President of Term Life Online – AU, AAI, ARM

• 30+ years of experience in insurance planning

How We Keep This Guide Accurate: We regularly updates our content to reflect the latest rates and industry trends. We are committed to providing transparent, unbiased information to help you make the best decision for your family.

At Term-Life-Online.com We value your trust and privacy.

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